Background:
Central Government amends Union Territory Goods and Services Tax (UTGST) rates per Section 7 of UTGST Act, 2017, based on Council recommendations.
Notification Amendments:
Changes in clauses (v) and (vi) of the opening paragraph for clarity.
Addition of clause (vii) specifying a 0.75% rate for goods in Schedule VII.
Schedule I – 2.5% Amendment:
Modification for goods "pre-packaged and labelled" in various categories.
New entry for pre-packaged and labelled items like Curd, Lassi, Butter milk.
Specific Changes in Schedule I:
Modification in descriptions for items 1, 2, 11, 13, 16, 25, 26, and 30, indicating "pre-packaged and labelled."
Inclusion of items like Jaggery and Khandsari Sugar as pre-packaged and labelled.
New Entries:
Addition of entries for Puffed rice (Muri), flattened or beaten rice (Chira), Murki, all pre-packaged and labelled.
Omission:
Removal of S. No. 163 and corresponding entries.
Effective Date:
The amendments come into effect promptly.
These amendments aim to streamline tax rates and classifications under UTGST, ensuring clarity and aligning with the evolving market landscape.